LONDON — Kingfisher blamed French market conditions for third-quarter profits at the low end of forecasts. Shares fell with the announcement of lower gains at the company’s Castorama and Brico Depot banners in France, even as it made gains in all other international markets. CEO Ian Cheshire contrasted the situation in France with Britain’s outlook, which has been generally optimistic about seeing improvement next year. Check out yahoo.com.
French factor mitigates Kingfisher gains
Most Recent
Most Read
GMS announces acquisition
Fri, May 17th, 2024
Castle announces 2024/25 Trade Scholarship program
Fri, May 17th, 2024
Retail theft is a growing concern—but so is consumer backlash
Fri, May 17th, 2024
Construction spending up in March
Fri, May 17th, 2024
Walmart reports strong Q1
Thu, May 16th, 2024
Throwback Thursday: Ten years ago, we reported on RONA’s new focus on independents
Thu, May 16th, 2024
Nominations open for 2024 Outstanding Retailer Awards
Thu, May 16th, 2024
Walmart extends use of drones for home delivery
Wed, May 15th, 2024
Cologne trade show company partners to expand in Middle East
Wed, May 15th, 2024
Lafarge pilots recycled-cement production
Wed, May 15th, 2024